A company’s employees are their most valuable asset. No business succeeds on the effort and merits of management alone. Employees have extreme value in supporting a company’s objectives and executing strategy.
In that context, HR plays a prominent role in guiding employees, influencing organizational culture, and supporting high morale. Expert-level HR is essential in developing and maintaining a strong team of workers.
Here is how HR adds value to an organization.
1. Asset Management
An organization has to manage its assets, be it physical, financial, or otherwise. Workers are assets. HR are highly trained experts who manage those assets, keep them happy and engaged, and maintain performance at the highest level.
2. Address Morale Issues
Morale can suffer in some companies, especially if there is a change in management or direction. If morale is left to rot, it will only worsen. Any organization wants a culture of high morale. HR can identify morale issues and provide solutions on how to resolve them.
3. Build a Stronger Team
HR knows what to look for in employees and how to select employees for different roles. They can also motivate engagement and excitement for the job. An organization that wants the strongest team possible shouldn’t discount the important role that HR has to play in assembling them and keeping the team strong.
4. Talent Acquisition
Who you hire matters. This forms the foundation of your employee team. For small businesses and start-ups new to the hiring process, hire HR consultants to help you. HR knows how to recruit, attract, and acquire the best talent for the role you want to fill.
5. Talent Retention
Alongside acquiring talent, talent retention is also incredibly important to a growing organization. You don’t want your best talent leaving you due to unaddressed issues or unsatisfactory performance from management. Talent retention is key to a thriving employee base, and HR brings that value.
6. Management Recommendations
HR can make management recommendations based on how employees are behaving and performing. HR receives more information about employees’ mindsets and performances than most managers. These recommendations can facilitate acknowledgment and recognition of employees who have done excellent work.
7. Train and Develop Employees
No organization wants stagnancy, and neither do individuals. Employees doing well want to develop and learn, and HR can provide a pathway for training and professional development. In essence, you can build new leaders and increase the value of individuals within your company.
8. Develop an Employee Program
HR can develop an entire program for employee development, from creating an interview and screening process for new hires to planning orientation and training, developing employee evaluation tools, and constructing attractive compensation programs and incentive programs to keep team members motivated.
9. Know When to Reward Performance
There are many ways to reward strong job performance, including providing promotions and increased compensation. HR can better direct you and consult the upper tier of your organization on when to pull the trigger on certain employees and how to best manage them within your company’s current structure.
10. Ensure Policies Are Implemented
Employee policies have to be implemented with fairness and equality. HR will ensure policies are upheld, that employees are held accountable for their actions, and that they receive what management expects to receive in employee compliance.
11. Reinforce an Organization’s Values
Every company has values and ethics. HR can help reinforce those standards in every employee, outlining what is expected in ethical behaviour and enforcing consequences on actors who do not adhere to what a company expects.
12. Maintain a Positive Work Environment
An essential element of HR is promoting employee collaboration and communication and fostering a positive work environment. This can encompass many things, from ensuring employee-friendly policies to conflict resolution, ensuring employees are properly incentivized, and keeping the workplace safe and encouraging.
13. Protect Yourself From Legal Issues
HR adds tremendous value to any company as it protects against discrimination and wrongful termination lawsuits. HR is updated on employee laws and can educate management on how to proceed regarding specific items. They also prioritize fairness and equality at all levels, including when it comes to hiring and promotions. HR vastly minimizes the risk of a legal claim against your organization.
14. Advise on Strategic Planning
Some HR departments advise heavily on strategic planning. They offer insights into a company’s strengths and weaknesses, opportunities and threats, and can guide how to best manage employee resources.
15. Increase Your Revenues
An organization with highly skilled HR consultants will see more success, money, revenues, higher quality workers, and better company performance overall. This is the bottom line of what you get when you partner with the right HR team.
